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Energy customers are overpaying by £2.2 billion annually

Rebecca Long Bailey MP, Labour’s Shadow Business and Energy Secretary, responding to a report that energy customers are overpaying by £2.2 billion annually, said “This is further proof of what Labour has long been arguing: the privatised energy market, left to its own devices, will systematically rip-off consumers who aren’t constantly hunting around for the best deal.

“The Tories had to be dragged kicking and screaming into introducing the energy price cap, and it is reported that senior industry figures are now lobbying Boris Johnson to scrap the cap entirely. It’s clear that this government can’t be trusted to protect consumers and keep bills down.

“The next Labour government will end the privatisation racket, taking the energy networks into public ownership and fundamentally reforming the supply market to bring bills down for British households.”